8, DOVECOTE, MIDDLE RASEN, MARKET RASEN, LN8 3UD - £125,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 DOVECOTE is a very small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £125,000 in October 2011, which was around 31% below the average October 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

8 DOVECOTE Sold Prices

Land registry data shows four sales for 8 DOVECOTE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 8 DOVECOTE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2011 5 OCT	£125,000	£180,869	31% below HPI
2005 27 OCT	£133,000	£176,867	25% below HPI
2004 17 DEC	£159,000	£173,959	9% below HPI
2003 2 MAY	£96,950	£136,855	29% below HPI

8 DOVECOTE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 8 DOVECOTE sales between May 2003 and October 2011 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2011 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 8 DOVECOTE be worth now?

8 DOVECOTE might now be worth an estimated £196,910.

This is based on house price inflation of 57.5%, between October 2011 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.5% inflationary increase is applied to the most recent sale price for 8 DOVECOTE of £125,000 on 5th October 2011. For the value to have increased from £125,000 to £196,910 over the twelve years and ten months to December 2024, the following assumptions must hold true:

• The value of 8 DOVECOTE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2011 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 8 DOVECOTE has not materially changed since October 2011.

How Large is 8 DOVECOTE?

8 DOVECOTE is 73m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where 8 DOVECOTE lies on this distribution: 8% of detached houses houses are smaller than 8 DOVECOTE, and 92% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

8 DOVECOTE: Plot and Title Map

8 DOVECOTE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 8 DOVECOTE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 DOVECOTE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 DOVECOTE?

8 DOVECOTE is located in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of No. 8 on DOVECOTE.